|Balance sheet||Snapshot of assets, equity, and debt on a certain date.|
|Bank debentures||Bank debentures are fixed- or floating-rate securities issued by banks, savings banks, and other credit institutions in order to finance their lending business. The maturities of the bonds are largely medium- to long-term. The dividend (coupon) is mainly paid once a year. The issuing institute is liable with all its assets for the timely honouring of the interest payments and the redemption. In addition, the claims arising from bank debentures are deemed direct, unconditional, and non-subordinated, i.e. they have senior debt status. In the case of insolvency you, the holder, take priority in having your claims satisfied before all other creditors. When buying bank debentures, you should pay attention to the rating of the issuing credit institution.|
|Bear market||Long-term price slump on the stock exchange.|
|Bearer shares||Shares made out to bearer.|
|Bearish||Negative sentiment on the stock exchange (falling prices).|
|Benchmark||In an investment context, this term describes a yardstick of comparison against which the success of an investment strategy can or should be measured.|
|Bid price||Price at which securities can be sold.|
|Blue Chips||Shares of renowned companies.|
|Bond||A fixed income security. Countries, credit institutions, banks, and companies issue bonds for subscription. The proceeds tend to be used for long-term debt financing. The party offering the bond for subscription is called issuer. However, in contrast to shares, the buyer of a bond does not participate in the equity capital of the issuer. The buyer lends his/her money to the issuer in the form of debt. Most commonly, the money is repaid at the end of maturity (i.e. it is redeemed).|
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